FRIGAST
ActiveFRIGAST has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.35M and a net result of €-69k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 95% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 8.34 against 5.64 in 2024; short-term debt: 2.7% and cash: 3.6% of total assets), and 2.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.2%
Return on assets
-2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
31 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.35M▼ 2.0%
2024 · €3.42M
2018: €3.85M
2019: €3.77M
2020: €3.70M
2021: €3.63M
2022: €3.56M
2023: €3.49M
2024: €3.42M
2018 → 2025
Total assets
€3.45M▼ 2.9%
2024 · €3.55M
2018: €3.99M
2019: €3.94M
2020: €3.88M
2021: €3.83M
2022: €3.74M
2023: €3.61M
2024: €3.55M
2018 → 2025
Net result
€-69k▲ 2.2%
2024 · €-71k
2018: €-69k
2019: €-81k
2020: €-68k
2021: €-64k
2022: €-72k
2023: €-72k
2024: €-71k
2018 → 2025
Working capital
€672k▲ 15.7%
2024 · €581k
2018: €163k
2019: €218k
2020: €299k
2021: €366k
2022: €454k
2023: €477k
2024: €581k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.63M-€3.56M▼ 2.0%€3.49M▼ 2.0%€3.42M▼ 2.0%€3.35M▼ 2.0%
Operating result€-72k-€-82k▼ 13.8%€-80k▲ 2.5%€-79k▲ 0.6%€-76k▲ 3.4%
Net result€-64k-€-72k▼ 11.8%€-72k▼ 0.9%€-71k▲ 1.8%€-69k▲ 2.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €76k in 2025 against €79k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.45M
Fixed assets
€2.68M▼ 5.6%
Current assets
€763k▲ 8.2%
Equity and liabilities €3.45M
Equity
€3.35M▼ 2.0%
Debt
€97k▼ 25.6%
The debt ratio falls from 3.7% to 2.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€84k▲
2024 · €82k
Cash flow
€91k▲
2024 · €90k
Solvency
97.2%▲
2024 · 96.3%
Current ratio
8.34▲
2024 · 5.64
Quick ratio
8.34▲
2024 · 5.64
Debt / equity
0.03▼
2024 · 0.04
ROE
-2.1%▲
2024 · -2.1%
ROA
-2.0%▼
2024 · -2.0%
Interest coverage
21.45▲
2024 · 19.85
Debt
€97k▼
2024 · €131k
Debt ≤ 1 year
€92k▼
2024 · €125k
Debt > 1 year
€6k=
2024 · €6k
Income taxes
€3k▲
2024 · €1k
Staff costs
€35k▲
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.55M€3.45M▼
Fixed assets21/28€2.84M€2.68M▼
Tangible fixed assets22/27€2.84M€2.68M▼
Furniture and vehicles24€5k-
Other tangible fixed assets26€2.84M€2.68M▼
Current assets29/58€706k€763k▲
Amounts receivable after more than one year29€616k€616k=
Other amounts receivable291€616k€616k=
Amounts receivable within one year40/41€22k€23k▲
Trade receivables40-€485
Other amounts receivable41€22k€22k▲
Cash at bank and in hand54/58€68k€125k▲
Equity and liabilities
Total equity and liabilities10/49€3.55M€3.45M▼
Equity10/15€3.42M€3.35M▼
Contributions10/11€450k€450k=
Capital10€450k€450k=
Issued capital100€450k€450k=
Revaluation surpluses12€2.37M€2.29M▼
Reserves13€677k€751k▲
Non-distributable reserves130/1€45k€45k=
Legal reserve130€45k€45k=
Distributable reserves133€632k€706k▲
Profit (loss) carried forward14€-75k€-144k▼
Amounts payable17/49€131k€97k▼
Amounts payable after more than one year17€6k€6k=
Other amounts payable178/9€6k€6k=
Amounts payable within one year42/48€125k€92k▼
Financial debts43€66k€66k=
Credit institutions430/8€66k€66k=
Trade debts44€56k€22k▼
Suppliers440/4€56k€22k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€440€869▲
Remuneration and social security454/9€3k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€34k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161k€160k▼
Other operating charges640/8€57k€57k▲
Gross operating margin9900€173k€177k▲
Operating profit (loss)9901€-79k€-76k▲
Financial income75/76B€13k€14k▲
Recurring financial income75€13k€14k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-70k€-66k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-71k€-69k▲
Profit (loss) for the period to be appropriated9905€-71k€-69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-144k▼
Profit (loss) brought forward from the previous period14P€-4k€-75k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bosmanslei 262018 AntwerpenGround area
355 m²
Building footprint
255 m²
Volume, LiDAR
3,615 m³
Parcel 11810K2171/00F000, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Bosmanslei 26, 2018 Antwerpen
since 19892.045.842.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2171/00F000 | Flanders | 355 m² | 1 · 255 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ROAN INVEST
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ZETHIA
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DECO INVEST
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Of 9,133 companies in sector 68201 we hold annual accounts for 6,762. 3,700 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-1989
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.